Today: 7 February 2026
Subscribe

Dow Jones slides nearly 600 points as AI spending fears hit Wall Street; Amazon sinks after the bell

Dow Jones slides nearly 600 points as AI spending fears hit Wall Street; Amazon sinks after the bell

The Dow Jones Industrial Average fell 1.2% to 48,908.72 as investors dumped tech stocks on concerns over soaring AI infrastructure costs at Amazon and Alphabet. Amazon shares dropped up to 11% after it raised its 2026 capital spending forecast to $200 billion. U.S. jobless claims rose by 22,000 to 231,000, while job openings hit a three-year low. The Nasdaq closed at its lowest since November.
5 February 2026
·······
Reddit (RDDT) approves $1 billion buyback after Q4 2025 ad jump, lifts Q1 outlook

Reddit (RDDT) approves $1 billion buyback after Q4 2025 ad jump, lifts Q1 outlook

Reddit’s Q4 revenue rose 70% to $726 million, with ad revenue up 75% to $690 million. The board approved its first share buyback plan, authorizing up to $1 billion in repurchases. Q1 revenue is projected between $595 million and $605 million, above Wall Street estimates. Daily active users averaged 121.4 million, up 19%.
5 February 2026
·····
Gold price slides as dollar firms and equity selloff forces liquidation; focus turns to U.S.-Iran talks

Gold price slides as dollar firms and equity selloff forces liquidation; focus turns to U.S.-Iran talks

Spot gold fell 1.8% to $4,872.83 an ounce Thursday, while U.S. gold futures closed down 1.2% at $4,889.50, pressured by a stronger dollar and broad selling. Silver plunged 12.1% to $77.36. U.S. jobless claims rose to 231,000 and job openings hit a five-year low. U.S.-Iran talks in Oman are set for Feb. 6, with key U.S. economic reports delayed until next week.
5 February 2026
···
AI Fears Hit Tech Stocks Again as Bitcoin Sinks and Wall Street Braces for Earnings

AI Fears Hit Tech Stocks Again as Bitcoin Sinks and Wall Street Braces for Earnings

U.S. stocks fell sharply Thursday as tech shares and crypto-related stocks slumped. The S&P 500 lost 1.2%, the Dow dropped 592 points, and the Nasdaq slid 1.6%. Bitcoin plunged over 12% below $64,000 after new jobs data sent Treasury yields lower. Alphabet’s plan to spend up to $185 billion on AI in 2026 triggered further selling in big tech.
5 February 2026
·······
Strategy stock tumbles after hours as bitcoin slide and $12.4 bln loss jolt MSTR

Strategy stock tumbles after hours as bitcoin slide and $12.4 bln loss jolt MSTR

Strategy Inc shares plunged 17% to $106.99 in after-hours trading Thursday after bitcoin fell 13% to near $63,460. The company posted a $12.4 billion quarterly net loss, driven by $17.4 billion in unrealized losses on its bitcoin holdings. Investors are awaiting a 5 p.m. ET webcast for updates on funding and purchase plans. Strategy held 713,502 bitcoins as of Feb. 1, with a cost basis of $54.26 billion.
5 February 2026
·····
Eli Lilly stock price sinks after $49 weight-loss pill jolt hits LLY

Eli Lilly stock price sinks after $49 weight-loss pill jolt hits LLY

Eli Lilly shares fell 7.8% to $1,020.84 in after-hours trading Thursday after Reuters reported Hims & Hers began selling a $49 compounded version of Novo Nordisk’s Wegovy, raising discount fears in the GLP-1 drug market. Earlier, Lilly posted a 43% jump in quarterly revenue to $19.29 billion, led by Mounjaro and Zepbound, and forecast 2026 sales above Wall Street estimates.
5 February 2026
···
Meta stock price steadies after hours as Big Tech AI spending fears bite; WhatsApp India hearing set for Feb 9

Meta stock price steadies after hours as Big Tech AI spending fears bite; WhatsApp India hearing set for Feb 9

Meta shares rose 0.2% to $670.21 in after-hours trading Thursday, bucking a broader tech sell-off that saw the Nasdaq drop 1.57%. Investors weighed Meta’s 2026 capex forecast of $115–$135 billion as scrutiny intensified over its ad and WhatsApp data practices in the U.S. and India. Trading volume reached 16.6 million shares.
5 February 2026
····
Apple stock price slips after hours as EU gives Maps, Ads a DMA pass and AI spending jitters spread

Apple stock price slips after hours as EU gives Maps, Ads a DMA pass and AI spending jitters spread

Apple shares fell 0.2% to $275.93 in after-hours trading after the EU declined to label its Maps and Ads services as “gatekeepers.” Tech stocks dropped broadly, with the Nasdaq down 1.57%, as Amazon and Alphabet announced massive increases in AI-related capital spending. Investors are watching for the U.S. jobs report on Feb. 11 and Apple’s shareholder meeting on Feb. 24.
5 February 2026
····
Advanced Micro Devices AMD stock price slides after hours as forecast doubts linger and Nvidia looms

Advanced Micro Devices AMD stock price slides after hours as forecast doubts linger and Nvidia looms

AMD shares fell 3.9% to $192.46 in Thursday’s after-hours, following an 8% drop after the company forecast first-quarter revenue below market hopes. Fourth-quarter revenue hit a record $10.27 billion, up 34% year-over-year, but China sales drove much of the growth. Investors moved away from AI chip stocks amid Alphabet’s $185 billion capital spending plan and broader market declines.
5 February 2026
·····
Palantir stock extends two-day slide after hours as AI disruption fears keep traders defensive

Palantir stock extends two-day slide after hours as AI disruption fears keep traders defensive

Palantir Technologies’ stock fell 1.4% to $130.01 in after-hours trading Thursday, extending a two-day slide. The software and services sector has lost about $830 billion in market value since Jan. 28 as investors react to new AI product launches and uncertainty over business models. Palantir shares dropped 5.5% during the regular session and plunged 12% the previous day. Trading volume reached nearly 68 million shares.
5 February 2026
·····
Micron stock steadies after near 10% drop as AI-spending jitters hit chip trade

Micron stock steadies after near 10% drop as AI-spending jitters hit chip trade

Micron shares rose 0.7% to $381.91 in late Thursday trading, rebounding after a 9.5% drop the previous day. EVP Sumit Sadana sold 25,000 shares on Feb. 2 at prices between $429 and $432, according to a recent filing. Chip stocks have swung sharply as investors reassess AI-driven valuations and sector spending. About 35.5 million Micron shares traded hands Thursday.
5 February 2026
····
1 … 36 37 38 39 40 … 2,707

Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
Go toTop